Why we pay advance tax
This query is : Resolved
30 October 2015
Hi
i want to know that why we pay advance tax in Private Limited Company and what is the exceeding limit of advance tax.
please let me know ..
CA R SEETHARAMAN
(Expert)
30 October 2015
Advance tax is payable when tax liability exceeds Rs.10,000. Advance tax is based on the concept of pay as you earn.
CA AnKiT BoHrA (AB)
(Expert)
30 October 2015
When we earn through out year... Govt wants the same.... Tax through out year as you earn
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